5 Fastest Growing Sectors and Investment Opportunities in the US

3. Computing Infrastructure Providers

Compound Annual Growth Rate in Industry Output (2022-2032): 3.9%

The computing infrastructure providers sector consists of the data processing industry, the web hosting industry, the cloud platform providers industry, and the cloud infrastructure providers industry. Some prominent names in this domain include Amazon.com, Inc’s (NASDAQ:AMZN) AWS, Microsoft Corporation’s (NASDAQ:MSFT) Azure, and Alphabet Inc’s (NASDAQ:GOOG) Google Cloud platform.

According to our methodology, the computing infrastructure providers sector is among the fastest-growing sectors and will continue to experience high growth in output for the forecast year 2032. The sector recorded an output of almost $290 billion in 2022 followed by a forecast of $423 billion in 2032. The industry is also expected to experience a 1.3% increase in employment in the forecast years of 2022-2032.